First Midwest Bancorp Inc. (NASDAQ:FMBI) saw unusually-strong trading volume on Tuesday . Approximately 262,541 shares were traded during trading, an increase of 2% from the previous session’s volume of 257,065 shares.The stock last traded at $19.58 and had previously closed at $19.47.

Several equities analysts have recently issued reports on FMBI shares. Zacks Investment Research upgraded shares of First Midwest Bancorp from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, July 1st. Piper Jaffray Cos. started coverage on shares of First Midwest Bancorp in a report on Friday, June 10th. They set a “neutral” rating and a $19.00 target price for the company. Macquarie raised shares of First Midwest Bancorp from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 30th. Jefferies Group reissued a “buy” rating and set a $21.00 price target on shares of First Midwest Bancorp in a research report on Thursday, July 7th. Finally, Sterne Agee CRT started coverage on shares of First Midwest Bancorp in a research report on Sunday, June 12th. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.36.

The company has a market capitalization of $1.59 billion and a price-to-earnings ratio of 18.73. The company has a 50 day moving average price of $18.91 and a 200-day moving average price of $18.10.

First Midwest Bancorp (NASDAQ:FMBI) last issued its earnings results on Tuesday, July 19th. The financial services provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. During the same quarter in the prior year, the company earned $0.29 earnings per share. On average, analysts expect that First Midwest Bancorp Inc. will post $1.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Friday, September 30th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.36 annualized dividend and a dividend yield of 1.84%.

First Midwest Bancorp, Inc is a bank holding company. The Company’s principal subsidiary, First Midwest Bank (the Bank), is an Illinois state-chartered bank and provides a range of banking, treasury and wealth management products and services, to commercial and industrial, commercial real estate, municipal and consumer customers.

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